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How manufacturing can improve resilience through liquidity management

In this episode of the Advanced Manufacturing and Mobility Business Minute, David Gale, our Global Advanced Manufacturing Transactions leader, shares his insights on a critical concern for manufacturers during the COVID-19 pandemic – liquidity and cash management.

During the podcast, David covers the following liquidity topics:

  • Why is maintaining liquidity so critical for manufacturing companies during the COVID-19 crisis?
  • What actions should companies be taking to protect their liquid assets?
  • What effects can manufacturers expect as a result of the pandemic?
  • What other considerations should be taken to address liquidity issues?
  • What are some best practices in managing liquid assets you’ve seen during the crisis?

Key takeaways:

  •  It is critical for companies to understand and control their liquidity position.
  • Companies should assess their financial resilience, evaluate the need for a cash office, limit their discretionary costs, pause non-essential spending, maintain uncommitted credit and build a cash buffer wherever possible.
  • The longer it takes to “flatten the curve” of the COVID-19 pandemic, the more companies will be forced to shut down as they run out of capital. 
  • Communicating frequently with stakeholders and demonstrating transparency will establish trust during this uncertain time.

Presenters

David Gale
EY Global Advanced Manufacturing Strategy and Transactions Leader

Podcast

Episode 01

Duration 04m 22s

In this series

series overview
(Event List - Manual)

How manufacturing can improve resilience through liquidity management

In this episode, David Gale shares his insights on liquidity for the manufacturing industry during the COVID-19 pandemic.
Podcast

Episode 01

Duration
04m 22s

Presenters

David M. Gale

EY Global Advanced Manufacturing Strategy and Transactions Leader